PC Shipments Faced Tough Fourth Quarter, but Pandemic Supplies a Brace

Shortages and bottlenecks weighed on personal-computer shipments in the fourth quarter, but the pandemic-induced revival of the PC market is expected to continue, according to industry data. International Data Corp. and Canalys said PC shipments in the fourth quarter rose about 1%, while Gartner Inc. said world-wide PC shipments declined 5% in the December quarter, … Read more

Apple’s Metaverse Prospects Produce Real Optimism for Investors

Apple Inc. AAPL 0.26% may not have triggered the current buzz about the metaverse, but the company is reaping the benefit. Excitement about how the iPhone maker could gain from a broad embrace of digital alternate realities has been a central facet of the rise in its share price in recent months, according to investors … Read more

WSJ News Exclusive | Washington Post Reprimands Business Editor Over Tweet Criticizing Column About NFL’s Ben Roethlisberger

Washington Post Executive Editor Sally Buzbee told employees that a top editor has been reprimanded over a tweet in which she criticized an SF Gate column that condemned football player Ben Roethlisberger, according to a company spokeswoman. Lori Montgomery, who is the Post’s business editor, tweeted last week that the column, which referenced allegations that … Read more

NFL Ratings Rose 10% in 2021 Season, Notching Best Results in Six Years

Television and digital ratings for the National Football League’s regular-season games jumped 10% compared with last season and were the league’s best numbers since 2015, according to Nielsen data. The average audience for regular-season games was 17.1 million viewers, compared with 15.6 million in the 2020 regular season. Last season was marred by the Covid-19 … Read more

Fed’s Mester Says Economy on Track for a March Rate Rise

Federal Reserve Bank of Cleveland President Loretta Mester responds to questions about the inflation outlook and what policy moves the Fed may need to make as it confronts price pressures, at WSJ’s CFO Network Summit. Jan. 12, 2022 12:09 pm ET Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday the U.S. central bank … Read more

China’s Startups Attract Record Funding Despite Tech Clampdown

Unlike in previous years, when most Chinese tech funding went to internet startups in e-commerce, the bulk of the money in the past year headed into areas that hew more closely to Communist Party priorities, such as semiconductors, biotechnology and information technology. Venture-capital investors put $129 billion into more than 5,300 startups in China in … Read more

U.S. Inflation Reaches Fastest Pace Since 1982

U.S. inflation closed out 2021 at its highest level since 1982 as robust consumer demand exacerbated pandemic-related supply shortages. The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the same month a year ago, up from 6.8% in November. That was the fastest pace since … Read more

Covid-19 Pill Developer to Spend SPAC IPO Funds on Clinical Trial, Hiring

Biopharmaceutical firm Pardes Biosciences Inc. plans to spend a large chunk of the funds it raised through a public offering late last month on a pill it is developing to treat Covid-19, including on manufacturing and hiring more clinical staff. The clinical-stage company, which is based in Carlsbad, Calif., on Dec. 27 listed on Nasdaq … Read more

Medicare to Pay for Biogen’s New Alzheimer’s Drug in Clinical-Trial Patients

Medicare officials said they would cover Biogen Inc.’s BIIB 2.64% controversial Alzheimer’s disease drug Aduhelm on the condition that patients are in clinical trials and have early-stage symptoms. The clinical trials are intended to gather evidence on the drug’s safety and effectiveness and would apply to similar drugs if they are approved, the Centers for … Read more

GM Takes Aim at Carvana, Vroom With Used-Car Website

The market for selling used cars online has exploded during the pandemic. Now, General Motors Co. GM 0.64% wants to help its dealers secure a bigger piece. The Detroit auto maker is launching a new website called CarBravo that will help U.S.-based GM dealers market and sell used cars online, competing directly with Carvana Co. … Read more